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Apr 17, 2013
04/13
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economy and the deepening crisis in europe. they cut china's growth to 8% from 8.2%. >> a slow down in gdp in china got the blame. but ford does not see it that way, they are protecting that 40% of the sale s will come fro china. they have doubled their capacity, scrambling to keep up with demand to keep up with the market. we have a closer look at ford's rapid expansion there and the challenges it faces. >> he is part of the new wave in china. car buyers turning the western part of the country into one of the hottest auto markets in the world. >> translator: in his mind, he feels that the car, the brand is good. and the service is also excellent. so this is why he trusts this brand. >> here, the gateway to western china, growth in auto sales is particularly good news for ford. at this plant, a new focus roles off the assembly line every minute and within two years ford will be doubling capacity in the area. >> this year, the total volume of the ford, were 600,000. so it's a big, big key. >> growing sales in china have been one
economy and the deepening crisis in europe. they cut china's growth to 8% from 8.2%. >> a slow down in gdp in china got the blame. but ford does not see it that way, they are protecting that 40% of the sale s will come fro china. they have doubled their capacity, scrambling to keep up with demand to keep up with the market. we have a closer look at ford's rapid expansion there and the challenges it faces. >> he is part of the new wave in china. car buyers turning the western part of...
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Apr 19, 2013
04/13
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and dramatically improved fuel economy. we don't ask customers to downsize or go slower, and you don't have to buy exotic hybrids or electric. mainstream technology will give you a 25% to 30% improvement in fuel economy. and finally, we have the best financing ever because ironically during the downturn that customers continued to pay for the cars. we were the first payment-to-household made. so the banks have really moved back into financing cars. so you put it all together, you really have a lot of structural support for this one bright spot in the u.s. economy, the automotive recovery. >> it's clear to see why you're a superstar salesman, mike. one of the trends we've seen in the recovery has been the tremendous strength of the rental -- not the rental -- of the used car market. is that still the case? are people tending to buy more used cars than they did in the past? >> well, the used car story is the following. we are selling big improvements in used cars and new cars. and because there's such a shortage of used cars
and dramatically improved fuel economy. we don't ask customers to downsize or go slower, and you don't have to buy exotic hybrids or electric. mainstream technology will give you a 25% to 30% improvement in fuel economy. and finally, we have the best financing ever because ironically during the downturn that customers continued to pay for the cars. we were the first payment-to-household made. so the banks have really moved back into financing cars. so you put it all together, you really have a...
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Apr 20, 2013
04/13
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KQEH
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and we do think there is some good value there as the economy does improve. we think that's a better stunt. >> i want to ask you about economic numbers. next week we are getting economic numbers on housing. and also we're going to get a sense of how the economy grew in the first quarter with that gross domestic product gdp number coming out. how is that going to impact action next week do you think? >> i think the components and the mix of gdp growth are going to be very important. what we saw in the fourth quarter of last year was a really big drag in terms of government spending. and that's not likely to repeat here again in the first quarter. but that's what investors are going to be focusing. i think consumption will stay okay, which has been pretty good all throughout in here. but edo know the first two months of the quarter were much stronger than the third month march, and we do know the data so far in april has been soft as well. it's more of the mix in terms of growth, how that sets us up nor second quarter and going forward that investors are going
and we do think there is some good value there as the economy does improve. we think that's a better stunt. >> i want to ask you about economic numbers. next week we are getting economic numbers on housing. and also we're going to get a sense of how the economy grew in the first quarter with that gross domestic product gdp number coming out. how is that going to impact action next week do you think? >> i think the components and the mix of gdp growth are going to be very important....
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Apr 16, 2013
04/13
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KQEH
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corporations are still posting record high levels of earnings against the backdrop of a weak global economy. if we get a big downdraft from whatever happens out of boston or some other factor, that's a real risk factor, but near term, very strong earnings, hard to argue with stocks with that backdrop. >> you just mexed the boston marathon incident. we doebt have the complete story on that tragedy, but events like that do impact investor psychology. how much? >> that's right. really two factors to focus on. first, what effect does it have on consumer confidence? first question, how does it affect consumer spending, psychology. the broader issue is more nebulous. what are the geopolitical ramifications of the event. we've had examples over the past 20 years, oklahoma city or 9/11, some have very profound impacts on geopolitical impacts and the economy and some not as much. >> since the woes of last year, there's been a mind set of investors to buy the dips. as the market comes lower, they step in and see an opportunity to buy. now, we've had a pretty good selloff in the past couple of days an
corporations are still posting record high levels of earnings against the backdrop of a weak global economy. if we get a big downdraft from whatever happens out of boston or some other factor, that's a real risk factor, but near term, very strong earnings, hard to argue with stocks with that backdrop. >> you just mexed the boston marathon incident. we doebt have the complete story on that tragedy, but events like that do impact investor psychology. how much? >> that's right. really...
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Apr 20, 2013
04/13
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help for the california economy. in the last seven years, china is a power house in climate technology, but for the innovation, the country has a huge demand for more. >> that is the question we get asked. tell us about what are people doing in the u.s. what are the technologies. can you bring those to china? >> that's where this trade mission has enormous opportunities. >> every ton of garbage creates the greenhouse gasses. we can turn that into clean energy. >> mike hart from davis came on this trip searching for investors. his company turns solid waste into gas and ultimately electricity. the company can turn a ton of garbage into 1,600 kilowatts of power. >> we will have one significant partner as a result of the trip. that could result in several hundred million dollars of construction projects. >> california also stands to benefit from chinese experts. the country is a leading source of car batteries. governor brown who toured one chinese battery and electric car company says california's goal of 1 million elec
help for the california economy. in the last seven years, china is a power house in climate technology, but for the innovation, the country has a huge demand for more. >> that is the question we get asked. tell us about what are people doing in the u.s. what are the technologies. can you bring those to china? >> that's where this trade mission has enormous opportunities. >> every ton of garbage creates the greenhouse gasses. we can turn that into clean energy. >> mike...
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Apr 22, 2013
04/13
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KQEH
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there's nothing in our laws take in that new information and say, "it's time to redesign our economy so it does not have to depend on chemicals that inherently cause childhood developmental problems." so that's one source of frustration for me. at the same time we have climate change, right? and so the way i see this, we have two separate environmental crises. >> you call it climate change. i think we can appropriately call it climate chaos. >> or climate instability, yes. >> yeah. >> that's right. the environmental crisis seems to me like a tree with two trunks. on one of these trunks is toxic trespass. so all of us are -- >> toxic trespass? >> toxic trespass -- >> you've used that several times. what is it? >> well, it means that chemicals without our consent enter our body sometimes because we inhale them. you know, each of us breathes a pint of atmosphere with every breath. and so that is one way in which toxic air pollutants then enter us, into our bloodstream. so the other trunk of this tree of crisis is climate instability in which is created of course by the combustion of fos
there's nothing in our laws take in that new information and say, "it's time to redesign our economy so it does not have to depend on chemicals that inherently cause childhood developmental problems." so that's one source of frustration for me. at the same time we have climate change, right? and so the way i see this, we have two separate environmental crises. >> you call it climate change. i think we can appropriately call it climate chaos. >> or climate instability, yes....
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Apr 19, 2013
04/13
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KICU
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are there any signs out there that the economy is losing steam, especially with the stock market plunge that we have recently seen? - well, i think clearly there has been some disappointing economic data. maybe it is the fear that we all had with the government cutbacks and also the tax hike that we had - that's the increased payroll tax for social security that we saw - so that is biting into the economy. but clearly, almost all the data, not only here but around the world, has come out weaker, so that is real; and combine that with some disappointing earnings on balance, and i think that is cause for concern or pause for the market right now. - gold futures made a mighty move to the downside this week. what are you seeing in gold mining stocks? - wow, i tell you, it was a real blowout in gold. gold is one of those assets, but i look at gold back in '08 was, i think, a low $600, and it is now still, what, close to $1,400? so, a set-back was ok, it was just one of those classic commodity washouts. gold miners, on the other hand, they have lagged the price of gold for the past several ye
are there any signs out there that the economy is losing steam, especially with the stock market plunge that we have recently seen? - well, i think clearly there has been some disappointing economic data. maybe it is the fear that we all had with the government cutbacks and also the tax hike that we had - that's the increased payroll tax for social security that we saw - so that is biting into the economy. but clearly, almost all the data, not only here but around the world, has come out...
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Apr 23, 2013
04/13
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FBC
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melissa: peter, would adding more people to the united states grow the economy? i mean, it's a very simple question, but people look at it different ways. some people say we have to add highly educated, high-skilled people. other people say, you know, it's a mathematical factor that if you administer people to the economy, they work more, they consume more, the economy by deaf fission grows -- definition grows. >> i don't think that's true. we do have some areas of shortages that we need to shore up with immigrants both at the top and bottom. they're very narrow. we probably import many more immigrants than we need to accomplish the slow level of growth that we are now accomplishing. if we were at 5% unemployment, if we were growing the way we did in the reagan days, you kn, then it wouldmake some sense to make that argument. but right now having folks come here to go to college to add to the army of liberal arts graduates that are unemployed -- which is becoming quite an army -- makes no sense at all. the country right now has more people than it has jobs for. m
melissa: peter, would adding more people to the united states grow the economy? i mean, it's a very simple question, but people look at it different ways. some people say we have to add highly educated, high-skilled people. other people say, you know, it's a mathematical factor that if you administer people to the economy, they work more, they consume more, the economy by deaf fission grows -- definition grows. >> i don't think that's true. we do have some areas of shortages that we need...
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Apr 16, 2013
04/13
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FBC
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i think the economy here is no great shakes. i think the market is moving on a sea of ben bernanke and $4 billion a day being printed. i think there will be repercussions down the road but right now the market is loving it and amazingly if you think about this the dow dow is up 7075 points since the tragic events that occurred yesterday. gerri: rc, why is it gold prices can plummet like a stone and i go to the jewelry stone and nothing is cheaper? why is that? >> you have bad luck. you're going to the wrong jewelry store. gerri: you know those prices are not going down. come on, you know they're not going down. >> hold on. this is actually a good point. there is two gold markets. there paper goldmark get and physical gold market. even though the paper gold market is falling off a cliff and it is and wed have more to go, the physical gold market has a different response. the demand for physical gold is going up. gerri: you can't tell by this chart, my friend. >> not going down what consumers are getting is right. the all this mon
i think the economy here is no great shakes. i think the market is moving on a sea of ben bernanke and $4 billion a day being printed. i think there will be repercussions down the road but right now the market is loving it and amazingly if you think about this the dow dow is up 7075 points since the tragic events that occurred yesterday. gerri: rc, why is it gold prices can plummet like a stone and i go to the jewelry stone and nothing is cheaper? why is that? >> you have bad luck. you're...
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Apr 24, 2013
04/13
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FBC
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need it right now, which is not what the economy needs, there are a couple of unintended consequences. this may cause retailer to raise prices to cover the infrastructure to pay for cost of producing and taking care of the tax bill. neil: that is hard to pass to consumers? >> it it could be, build line - bottom line, if it is a couple bucks here or there it may cause them to go to one store or the other. then is this retailer. neil: -- j.c. penney, shares up 12% after former ceo ron johnson was ousted, the new boss is giving j.c. penney a second chance. >> we've seen trends in retail, the last ceo leaving bucked the trend too much. consumers wanted sales and products, they were not getting it what this led to was a lack of buyer and brand confident, when consumers go to the store they want to know what they get, and what to expect, when they don't it caused them to worry about, perhaps that company no longer believes in same things i do. if the consumers feel that store hathere back that means increase sales and stock price. neil: you know not first time a unpopular ceo or embattled c
need it right now, which is not what the economy needs, there are a couple of unintended consequences. this may cause retailer to raise prices to cover the infrastructure to pay for cost of producing and taking care of the tax bill. neil: that is hard to pass to consumers? >> it it could be, build line - bottom line, if it is a couple bucks here or there it may cause them to go to one store or the other. then is this retailer. neil: -- j.c. penney, shares up 12% after former ceo ron...
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Apr 23, 2013
04/13
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FBC
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is a past to citizenship appropriate good bad for our economy? is in the national interest? is it good for american society? the real question becomes after tenures why do we have these answers? gerri: if you don't have the answers i don't know who would. >> thank you for that. what we tried to point* out is precisely that that so many of these issues how much benefit to be derived from immigration what will it really cost to follow a pathway to citizenship and the gang of 8 plan? we don't have those answers. what is funny and all of this today the media matters' left-wing activist group said that lou dobbs is anti-immigrant because he is asking questions. they'' to a fellow who was very nice and i am sure a good man out of ucla who just happens to be a chicano activist who opens all sorts of numbers we cannot rely on just as you cannot rely on the numbers from the federation for immigration reform. the government is in the one providing these answers. did not have the answers for their own committees, congress the senate or the president. gerri: will we get them? is there a
is a past to citizenship appropriate good bad for our economy? is in the national interest? is it good for american society? the real question becomes after tenures why do we have these answers? gerri: if you don't have the answers i don't know who would. >> thank you for that. what we tried to point* out is precisely that that so many of these issues how much benefit to be derived from immigration what will it really cost to follow a pathway to citizenship and the gang of 8 plan? we...
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Apr 18, 2013
04/13
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FBC
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that is not the case in a, when the economy is growing. then the debt does not have to increase. >> that's a really important point, melissa. and the truth is, arthur laffer and i and "the wall street journal" just about six months ago did a pretty extensive study that showed exactly the opposite. that in fact the countries that did the biggest fiscal stimulus in response to the great recession we lad in 2008 and 2009, that is the government's that spent and borrowed the most money had the weakest recoveries from. this kind of keynesian idea when you want to do when you get hit a financial crisis spend and borrow, we found the opposite was true. maybe you look at that one see if there any flaws in our study. because we found just the opposite. melissa: we have the to squeeze in a break. we appreciate both of you. i love these academic arguments because you're looking at at that rather than just having emotion what you feel would be right for the government to do, we're looking at real numbers and solve the problem. so i really appreciate b
that is not the case in a, when the economy is growing. then the debt does not have to increase. >> that's a really important point, melissa. and the truth is, arthur laffer and i and "the wall street journal" just about six months ago did a pretty extensive study that showed exactly the opposite. that in fact the countries that did the biggest fiscal stimulus in response to the great recession we lad in 2008 and 2009, that is the government's that spent and borrowed the most...
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Apr 17, 2013
04/13
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FBC
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as a global economy but a big energy report to heating oil prices of big loser reporting the lighter than expected demand for the distillates and that continues for out of five trading-- hitting the four month low crude prices falling as the u.s. output debts with the 20 year high. then that shows the commodity winners on the session and agriculture is very strong. a lot of this is seasonal demand the barbeque season begins also natural-gas is higher by about half a percent. cheryl: more breaking news to fox business that jones has downgraded the credit rating from the a-plus down to the a. the asian markets are closed but this could be a big meaningful to the down side for those german stocks. that begin jones has just downgraded germany. of course, bear the financial leaker -- peter with ngela marco and her come padres have been dictating to a the and that is not good news in we will be watching that. >> i view of a big story. >> eagan jones is not accrediting agencies. >> but it is germany. that is a big hit. who else is holding up europe? jones. if i am trading german stocks
as a global economy but a big energy report to heating oil prices of big loser reporting the lighter than expected demand for the distillates and that continues for out of five trading-- hitting the four month low crude prices falling as the u.s. output debts with the 20 year high. then that shows the commodity winners on the session and agriculture is very strong. a lot of this is seasonal demand the barbeque season begins also natural-gas is higher by about half a percent. cheryl: more...
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Apr 24, 2013
04/13
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FOXNEWSW
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it will impact jobs right when we're having a turnaround in the economy. this will have a -- we'll have a difficult time with this. it's ridiculous they can't find other ways to cut, to do the right thing torques make sure we -- to make sure we grow jobs. we're below the national average on unemployment. >> neil: are you hearing from the popular tour sites within your state, orlando, walt disney world or seaworld or universal or miami that its effected hotel bookings, resorts, has it gotten to that stage? >> we're in day four and people are frustrated with the delays. my concern is they'll decide not to -- to book a flight to florida. we have a million jobs in our state tied to tourism. we have a lot of business here too. i just want to keep our economy going. look, when i came into i officei reduced the budget. we did it with common sense solutions. we didn't take a meat cleaver to it or adversely impact jobs. we did the right thing and our economy is booming. >> neil: the sequestration cuts, both parties agree, weren't ideal. republicans are saying in re
it will impact jobs right when we're having a turnaround in the economy. this will have a -- we'll have a difficult time with this. it's ridiculous they can't find other ways to cut, to do the right thing torques make sure we -- to make sure we grow jobs. we're below the national average on unemployment. >> neil: are you hearing from the popular tour sites within your state, orlando, walt disney world or seaworld or universal or miami that its effected hotel bookings, resorts, has it...
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Apr 23, 2013
04/13
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FBC
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it's a fox business exclusive and a good read on the economy. that's next. as the an anticipation for apple earnings reports mount, we'll look at the best selling mobile phones, not just now, but of all time. phones that you may be surprised to see that app iphone is not in the top three. stay tuned. ♪ ♪ @ why are 8 million people why are 8 million people sleeping better tonight? they went to a sleep number store. the only place in the world you'll find the sleep number bed. a bed with dual air technology that allows you to adjust to the support your body needs. each of your bodies. the only place you'll find our bed-clinically proven to help each of you slee more soundly. and the only place you'll find sleep professionals that will help you find a number that will change your life. your sleep number setting. you won't find any of these innovations in an ordinary mattress store. you'll only find sleep number at one of our over 400 stores nationwide. and now you can save $400 on the only memory foam bed with sleep number technology that adjusts to ea
it's a fox business exclusive and a good read on the economy. that's next. as the an anticipation for apple earnings reports mount, we'll look at the best selling mobile phones, not just now, but of all time. phones that you may be surprised to see that app iphone is not in the top three. stay tuned. ♪ ♪ @ why are 8 million people why are 8 million people sleeping better tonight? they went to a sleep number store. the only place in the world you'll find the sleep number bed. a bed with...
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Apr 22, 2013
04/13
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KICU
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mcdonald's blames the economy and increased competition for the slump. it hopes dollar menu items will bring customers back in the spring. kimberly clark's first quarter profits were up 13% on strong sales in brands kleenex and cottonelle. also, emerging markets are bringing demand for diapers and household goods. still to come, why so many americans are scared of the stock market. that's later on. but first, on this earth day, how some of america's largest corporations are getting into nature. bill moller has that after the break. th a deadly disease. i was one of them. i'm a nurse and i knew how damaging the disease was to my life. nothing i tried seemed to work. my brother died. from complications of the exact same preventable disease and i knew i had to do something to get healthy. my disease was obesity and after consulting with my doctor, i received the effective treatment i needed. obesity is a second leading cause of preventable death in the united states. but it's a treatable disease, and there's effective treatment options available. now is tim
mcdonald's blames the economy and increased competition for the slump. it hopes dollar menu items will bring customers back in the spring. kimberly clark's first quarter profits were up 13% on strong sales in brands kleenex and cottonelle. also, emerging markets are bringing demand for diapers and household goods. still to come, why so many americans are scared of the stock market. that's later on. but first, on this earth day, how some of america's largest corporations are getting into nature....
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Apr 18, 2013
04/13
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KNTV
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. >>> there is no question about it that it is a linchpin of the bay area economy but apple has been struggling. the stock price tumbling leading people to wonder about the future of apple. >> let's bring in scott budman. is it speculation or tangible? >> lots of selling in apple stock lately. for the last several months the overall market has been rising. for today the stock falling 5.5% dipping below $400 oa share. in september apple traded above $700 a share. even as demand stays strong for the products there is concern about if in the overall economy's future. apple stores are still full of shoppers but some apple investors have an empty feeling these days. shares of the company are now down to levels not seen since 2011. is it time to panic? >> in my 30 years the warning that apple days are over and numbered have come up four or five times and apple has always rebounded. >> apple shares have soared and sunk along with the overall market even shaping things up for bay area gold buyers and sellers. he saw his shiny investments tumble hundreds of dollars in a week. >> we are going
. >>> there is no question about it that it is a linchpin of the bay area economy but apple has been struggling. the stock price tumbling leading people to wonder about the future of apple. >> let's bring in scott budman. is it speculation or tangible? >> lots of selling in apple stock lately. for the last several months the overall market has been rising. for today the stock falling 5.5% dipping below $400 oa share. in september apple traded above $700 a share. even as...
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Apr 23, 2013
04/13
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CSPAN2
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based companies be able to compete and find high-skilled workers to grow the economy? will american workers truly come first? will we incentivize people to come here and overstaying their visas? these are questions i have. put in regard to border security, security is what is the basis of the sovereignty of any nation. we have independent authority over our -- we must have independent authority over our borders. thank you, mr. chairman. >> thank you very much. we'll hear first from our arturo rodriguez. served as the president of the united farmworkers since 1993. he spent much of his life working to establish fair working conditions for work north america the western united states. no stranger to this committee, and of course, senator feinstein has worked hard on the agricultural matters has met and talked to you a great deal, and please, mr. rodriguez, go ahead. >> mr. chairman, i ask the senator cornyn we given five minutes bass he wasn't here friday and he is the ranking republican on the subcommittee. >> could i ask it be taken -- secretary napolitano was schedule
based companies be able to compete and find high-skilled workers to grow the economy? will american workers truly come first? will we incentivize people to come here and overstaying their visas? these are questions i have. put in regard to border security, security is what is the basis of the sovereignty of any nation. we have independent authority over our -- we must have independent authority over our borders. thank you, mr. chairman. >> thank you very much. we'll hear first from our...
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Apr 23, 2013
04/13
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FOXNEWSW
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but everything in this bill moves in the right direction for security and the american economy, and all the kind of questions you ought to have. shame on the people who tried to use the murders in boston to undermine immigration reform. i don't think they'll be able to do it. >> neil: all right. thank you very much. good seeing you again, grover norquist. in the wake of the terror attacks on the u.s., ron paul is saying be careful about opening up the government spigots to spend on security. it's not as if we don't have enough money going to security. he says it's probably a better case of not going to the right place. ron rand paul, my special guest tonight. see you then. . [ male announcer ] extreme power. ultimate savings. get both now at your polaris dealer during the xp sales event. rebates up to $1,000 and financing as low as 2.99% on the world's best powersports li-up. incredible deals on hard-working rangers, smooth-riding sportsmen, and razor-sharp rzrs. hurry to your local polaris dealer for rebates up to $1,000 and financing as low as 2.99% during the polaris xp sales event.
but everything in this bill moves in the right direction for security and the american economy, and all the kind of questions you ought to have. shame on the people who tried to use the murders in boston to undermine immigration reform. i don't think they'll be able to do it. >> neil: all right. thank you very much. good seeing you again, grover norquist. in the wake of the terror attacks on the u.s., ron paul is saying be careful about opening up the government spigots to spend on...
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Apr 23, 2013
04/13
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FBC
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. >> the economy is never as good as people say it is. the housing market is never as good as people say it is, think of this, we have interests below 4%, for most to go out get a mortgage, housing market should be streaming back we're seeing a large percentage of sales dominated by visitors, there is still a foreclosure crisis going on, unemployment is still high we have not by any stretch of the imagination seeing what seem people call a recovery. neil: we're well off the matt from lows. any trend or any improving trend looks good. when it is disrupted we feel bad. >> no, but i think that al's comment, never as good as they say it is but never as bad, whole market has been en few fuego, have a tried to get a motorrage lately. -- mortgage lately. i tell you, they are not lending credit, and demand is not there for creditworthy borrows either, because people are not making more money, and businesses are not hiring. neil: tomorrow, you are jumping gun we talking about proctologists who offer mortgages. >> i knew it. neil: bmw is expecting
. >> the economy is never as good as people say it is. the housing market is never as good as people say it is, think of this, we have interests below 4%, for most to go out get a mortgage, housing market should be streaming back we're seeing a large percentage of sales dominated by visitors, there is still a foreclosure crisis going on, unemployment is still high we have not by any stretch of the imagination seeing what seem people call a recovery. neil: we're well off the matt from...
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Apr 17, 2013
04/13
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CNBC
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in economics, and the way copper goes is the way the global economy goes. copper's purely an indication of oversupply in the channel. that's true of iron ore, true of the other metals, as well as china slowing. so obviously, when any company slows, when any commodity slows, you've got to look at supply/demands. >> -- perfect indicator. >> it's only one. >> yeah, but copper used to be in tight demand until recently. >> but don't -- every commodity. look at the -- >> i'm not -- i've been negative. i've been short with metals. short iron ore -- >> right. the point is that goes right to the fundamental question of this market, is that is it oversupply? the commodity route we've seen, is it oversupply? if it is, that's great for the -- >> dr. j, any insights for options, what's going on? >> i think he mailed it in terms of the markets. when you have margin calls being made, and clearly they were being made, and people being in forced liquidation mode, just as jim cramer says, when that happens, they're not asking questions. they're telling you what you're going
in economics, and the way copper goes is the way the global economy goes. copper's purely an indication of oversupply in the channel. that's true of iron ore, true of the other metals, as well as china slowing. so obviously, when any company slows, when any commodity slows, you've got to look at supply/demands. >> -- perfect indicator. >> it's only one. >> yeah, but copper used to be in tight demand until recently. >> but don't -- every commodity. look at the -- >>...
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Apr 18, 2013
04/13
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they want more from the fed, because the economy is weakening, or they want the economy to rebound and nothing's happening and we jump around all over the place. >> warren, what do you think? you've been constructive on this market all through the first quarter. you felt like there was more to go here. but do you feel like the psychology is changing with the volatility that we've seen this week? >> i'll tell you, this week has been a little bit troubling, and i have been pretty bullish up until this point. when you tend to see days like this, where the day after day, up and down bid on the dow, 100-plus point move on any given day, that's a sign that this market is truly struggling. >> are you rethinking your bullish position, at least for the short-term? >> a little bit. i think the thing that's probably sways me the most is the economic data we've been seeing out of the united states in the last week to ten days in particular, maybe the last couple of weeks has been a little bit weaker than the trend going into that. and that's a little troubling to me. >> all that nervousness in the
they want more from the fed, because the economy is weakening, or they want the economy to rebound and nothing's happening and we jump around all over the place. >> warren, what do you think? you've been constructive on this market all through the first quarter. you felt like there was more to go here. but do you feel like the psychology is changing with the volatility that we've seen this week? >> i'll tell you, this week has been a little bit troubling, and i have been pretty...
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Apr 24, 2013
04/13
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>> it justdoesn't make sense showing why the economy is struggling to get going because here's the regulatory bearier stping us from producing energy, jobs, economic activity, and national security with the own energy rather than from the weast. melissa: senator, what's the bottom line? do we see the pipeline, if you were a betting man, what do you say? >> appears the administration is trying to defeat it through delay, and we're going to have to get the push on to approve it congressional. that's what i'm working on doing. melissa: okay, senator, thank you. appreciate your time. >> thanks. melissa: time for today's fuel gauge report. more potentially good news for drivers, gags lean futures slid about 1.8% today, gas has fallen for 13 # of the past 18 sessions. it is down more than 12% just this month. natural gas is threatening a quarter of the world's oil demand. that is according to a new reportrom citi corp.. 20 million barrels of crude per day could be replaced by cheaper, natural gas coming through the trucking and railway industries. iran and north korea reportedly reached a deal to b
>> it justdoesn't make sense showing why the economy is struggling to get going because here's the regulatory bearier stping us from producing energy, jobs, economic activity, and national security with the own energy rather than from the weast. melissa: senator, what's the bottom line? do we see the pipeline, if you were a betting man, what do you say? >> appears the administration is trying to defeat it through delay, and we're going to have to get the push on to approve it...
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Apr 22, 2013
04/13
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is it the slowdown in the global economy? >> yeah. that's why you want to watch these multi industry companies. it's nerdy to talk about ingersoll rand. but they make the stuff out there behind the walls. they make all the things that keep these buildings going and systems operating. when they talk about things slowing, we don't know if they're going to, but we've heard about slowdowns globally. that's where you're going to see it first. >> ingersoll rand is also going to sidestep on the housing recovery. that could be a positive. >> a little bit. you're going to tear them talking about where things are overseas. what's good about these companies, a lot of earnings are overseas. >> global story then the consumer. coach out tomorrow. >> north america's the key. >> coach had an issue last quarter. >> the problem is north america. i think their sales growth was something on the order of 1% for them. that's going to be a problem. they also got a lot of -- of course, they're in the accessories business. there's a lot of competition there.
is it the slowdown in the global economy? >> yeah. that's why you want to watch these multi industry companies. it's nerdy to talk about ingersoll rand. but they make the stuff out there behind the walls. they make all the things that keep these buildings going and systems operating. when they talk about things slowing, we don't know if they're going to, but we've heard about slowdowns globally. that's where you're going to see it first. >> ingersoll rand is also going to sidestep...
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Apr 22, 2013
04/13
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part of our economy. what i think we have done in this bill we try to strike a balance, senator rubio and feinstein, in my view, have done a good job, to be placed the illegal workforce with a legal workforce good one last thought -- just indulge me for a second. ensh ciz has to three triggers. there has to be a border security strategy created by homeland security before the pathway to citizenship can be fully implemented. you have to have you verify up and running. and you have to have enter and exit control visas before people can transition from temporary legal status to get a green card. i think those three triggers make sense. if this committee can make those triggers more effect if, if senator cornyn can help us on the exit visa system, count me in. securean find ways to the border better, count me in. at the end of the day, i want to make sure we not have a third wave. and getting the agriculture part right, 60%-70% workers in agriculture illegal, seems to be a good place to start. i would like to
part of our economy. what i think we have done in this bill we try to strike a balance, senator rubio and feinstein, in my view, have done a good job, to be placed the illegal workforce with a legal workforce good one last thought -- just indulge me for a second. ensh ciz has to three triggers. there has to be a border security strategy created by homeland security before the pathway to citizenship can be fully implemented. you have to have you verify up and running. and you have to have enter...
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Apr 17, 2013
04/13
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economy but the global economy. what does, passenger traffic which i know has been on an upswing, what does it say to you about how our economies are recovering here? >> well, what we, i no longer have quite as close a front row seat as i used to have, but what the most relevant data i think we've seen in recent weeks is some weakness in what are called average prices which would suggest demand is not as robust all of us who are hoping an economic recovery would like. so i don't think it is sending any particularly clear message but i think that the diminution or weakening of yield is, if anything a negative sign relative to the economy. david: bob crandall who is a snowbird by the way. just found that out. speaking to us from down in florida. by the way when do you go back to gloucester, bob? >> may 1st every year and back to florida in october. david: you missed a long, cold winter. i don't blame you a bit. thank you for coming in, bob. appreciate it. lori: more trouble may be heading apple's way. we have the anal
economy but the global economy. what does, passenger traffic which i know has been on an upswing, what does it say to you about how our economies are recovering here? >> well, what we, i no longer have quite as close a front row seat as i used to have, but what the most relevant data i think we've seen in recent weeks is some weakness in what are called average prices which would suggest demand is not as robust all of us who are hoping an economic recovery would like. so i don't think it...
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Apr 22, 2013
04/13
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it's hard to say all of this has been justified by the economy. then there's outliars, the warm winter so for most people holding great companies, i think you have to ride out the spring swoon and be prepared to buy if we do get the spring swoon. cheryl: but people are afraid. that's the problem. they've seen their portfolios. you get the big gains in the spring and by the end of the year, you're looking at basically a flat year for stocks. it makes people nervous. >> two weeks ago we were talking about all-time highs. people take the small windows and they just can't take it. dennis: for all the spring swoons you ran on the chart there, stocks then proceeded to go up. instead of selling and having to pay taxes, whatever, maybe instead i ought to ride it out and hope on the longer term. >> are you an investor or trader? most people tell me they're investors but when the stocks go down 7%, they take the loss. listen. there's no doubt you have to be anxious here a little bit. i.b.m. got hit, mb -- mcdonalds got hit. it's cyclical and it's not going
it's hard to say all of this has been justified by the economy. then there's outliars, the warm winter so for most people holding great companies, i think you have to ride out the spring swoon and be prepared to buy if we do get the spring swoon. cheryl: but people are afraid. that's the problem. they've seen their portfolios. you get the big gains in the spring and by the end of the year, you're looking at basically a flat year for stocks. it makes people nervous. >> two weeks ago we...
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Apr 23, 2013
04/13
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it has a lag effect on the economy. it has to work into the economy before we consider it as a lagger of stocks. stocks and crude move together. stocks have the fed behind it 57bd b crude is feeling the effects of the global slow down. sometimes very slow to negative growth here is fine. the fed comes back. i don't think it means much. as for crude i'm slightly negative. over a long-term scale the low 80s seems to be support. i'm less negative than a couple of weeks ago. >> what do you think? is oil slide good or bad news for stocks? vote on futuresnow.cnbc.com. that's where you will find the online show where today we'll have the one and only ron paul, the outspoken former congressman. he's a gold bug and he'll tell us why he's sticking with the yellow metal and isn't worried about the slide. make it a date. see you there. >> indeed. up next, what day for netflix. sharing exploding after earnings impressed the street. is now the time to get short? we'll have a netflix show down. coming up, top analysts join us and stat
it has a lag effect on the economy. it has to work into the economy before we consider it as a lagger of stocks. stocks and crude move together. stocks have the fed behind it 57bd b crude is feeling the effects of the global slow down. sometimes very slow to negative growth here is fine. the fed comes back. i don't think it means much. as for crude i'm slightly negative. over a long-term scale the low 80s seems to be support. i'm less negative than a couple of weeks ago. >> what do you...
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Apr 24, 2013
04/13
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. >> we should think in terms of people that help the american economy. people who work. >>reporter: former l.a. congressman about agreed with pez richlt certainly we have to maintain our family based immigration stirjs add that go foreign born college graduate shouldn't be sent packing. >> that is nuts for this country. >>reporter: former pens vin governor told perez there has to be compromise. >> has to be give-and-take. on all sides of the issue. >>reporter: perez foreign born college graduate in the country illegally until reese evenly when she got deferment. >> i'men trout aplay to law school in the fall. >>reporter: the argument is that the spirit that drives people to come to this country to strive for better life is at least as important as the skills they bring with them. she srm has plenty of spirit. in the newsroom, abc 7 news. >> indeed. federal government dropped all charges against mississippi man accused of sending ricin laced let investigators the president and others. pall curtis walked out of jail this afternoon. just dressed media earlier today saying h
. >> we should think in terms of people that help the american economy. people who work. >>reporter: former l.a. congressman about agreed with pez richlt certainly we have to maintain our family based immigration stirjs add that go foreign born college graduate shouldn't be sent packing. >> that is nuts for this country. >>reporter: former pens vin governor told perez there has to be compromise. >> has to be give-and-take. on all sides of the issue....
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Apr 17, 2013
04/13
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economy is already in the south. if you will, and we don't show many signs of coming back, because of very bad policies coming out of washington. i mean, these things should be-- we should be lowering tax rates and broadening the tax base and controlling spending where it should be controlled and having free trade, minimal regulations, but we're going in the wrong direction, stuart. i think you're right. >> what about that question about everybody printing money? well, they are, we know that, but, i don't think it's working this time around. it's just not, you know, juicing the stock market like it used to. >> i don't think it used to so i agree with you totally. you can't push on a string and they have been trying to push on a string and if you look at it this is the single worst u.s. recovery in history and obviously, it's the largest single monetary expansion in history. and obviously, they don't work, they just don't work and he's grasping at straws and god knows what type of real problems we'll have down the roa
economy is already in the south. if you will, and we don't show many signs of coming back, because of very bad policies coming out of washington. i mean, these things should be-- we should be lowering tax rates and broadening the tax base and controlling spending where it should be controlled and having free trade, minimal regulations, but we're going in the wrong direction, stuart. i think you're right. >> what about that question about everybody printing money? well, they are, we know...
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Apr 21, 2013
04/13
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. >> the economy is the most important activity in any society. when you buy stuff, when you owe to school, when you buy a house, when you of the bank and deposit your money -- it is all part of economic activity. is --ever, the economy due to deficit and debt. the federal deficit is at more than $1 trillion. the national debt is that more and $16 trillion. the senior director of the bipartisan policy desk says that the debt has been acutely living so much that the economy is on hiring. >> our debt is the percentage of gdp. in the last 30 or 40 years has in less than 40%. it is only in recent years that we have seen a client. the fact is, we are in dangerous territory. that thesullivan says policymakers are arguing and debating but missing the main shellshocked u.s. economy. >> joshua gordon says that the deficit is continuing to expand because of job loss, creating less revenue and more spending on aid programs. >> you have a large deficit for four years because you have low revenues and people don't have paid or they're getting less. but also we
. >> the economy is the most important activity in any society. when you buy stuff, when you owe to school, when you buy a house, when you of the bank and deposit your money -- it is all part of economic activity. is --ever, the economy due to deficit and debt. the federal deficit is at more than $1 trillion. the national debt is that more and $16 trillion. the senior director of the bipartisan policy desk says that the debt has been acutely living so much that the economy is on hiring....
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Apr 18, 2013
04/13
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. >> hey, melissa, yeah, this deal has been getting bigger and bigger, you would think with this economy being at risk, it would be an odd time for a theme park company to go public, that's what's happening. you saw kayla break the details there. it is going to price at $27. now here's what's changed. 26 million shares offered, 10 million being offered by seaworld and 16 million from blackstone. they bought four years ago from anheuser-busch. this morning in the filing increased the number of shares it planned to sell from 10 million to 16 million. also, as she reported, 3.9 million in overallotment going to be sold. that was upped from 3 million to 3.9. there's 15 million more shares being held in reserve for a potential future offering, and now based on this, after the ipo, blackstone will still own -- it's going to be now about 63% of the company. now, under blackstone management, sea world has become profitable again. the net income quadrupled last year. the average customer spends over $58 each, that's nearly a 4% increase. risks a lot of debt. quote, we are highly leveraged. nearly
. >> hey, melissa, yeah, this deal has been getting bigger and bigger, you would think with this economy being at risk, it would be an odd time for a theme park company to go public, that's what's happening. you saw kayla break the details there. it is going to price at $27. now here's what's changed. 26 million shares offered, 10 million being offered by seaworld and 16 million from blackstone. they bought four years ago from anheuser-busch. this morning in the filing increased the...
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Apr 18, 2013
04/13
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a very weak european economy. ebay is down 4%. a big loss. american express cardholders at spending like they used to. profits okay. that lower spending, that is a worrying big picture. look at toyota. a first there. the company will start producing a lexus model in kentucky. that is very interesting. i think that is the first time the ultra luxury high-end brand lexis will be made in america. nicole: right. they are getting incentives to do so. you see the stock is down slightly. your today, toyota is doing great. up about 20%. lexis being produced in kentucky right here in the united states of america. stuart: thank you very much, indeed. a look at the big board. we are down six points. i have this for you. texas governor rick perry went after california businesses. now he is doing this a bit with illinois. launching a huge media campaign. the governor pointing out radio and print ads. the headline of it says "get out while there is still time." let's get back to the markets. joining the company now is keith fitzgerald. do you think that bo
a very weak european economy. ebay is down 4%. a big loss. american express cardholders at spending like they used to. profits okay. that lower spending, that is a worrying big picture. look at toyota. a first there. the company will start producing a lexus model in kentucky. that is very interesting. i think that is the first time the ultra luxury high-end brand lexis will be made in america. nicole: right. they are getting incentives to do so. you see the stock is down slightly. your today,...
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Apr 18, 2013
04/13
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on the state of the global economy at a conference in washington d.c.. also to the postmaster general will present the agency's new five-year business plan if it lasts that long. in the post office is losing $25 million per day. of the most on stock of 2012 but not anymore. the sat -- apple $700 days are gone dipping below $400 from the all-time high 72% drop them in next guest from fulcrum securities back when trading at the nosebleed levels he said 30 percent was sheer love and people love think the brander rationally pumping up the price. do you agree? >> sure. any time a stock has run like to go i think there is some type. gerri: you mean apple? >> guns are a. when i was on your show in january of last year we put it on the top-10 list and got out but not at the top either. but during the break you were asking the question is there any hope for apple investors right now? and the expectations have come down. gerri: are you a buyer? >> it is still too early in my book for if you run the performance account but the for the long-term investor who can wea
on the state of the global economy at a conference in washington d.c.. also to the postmaster general will present the agency's new five-year business plan if it lasts that long. in the post office is losing $25 million per day. of the most on stock of 2012 but not anymore. the sat -- apple $700 days are gone dipping below $400 from the all-time high 72% drop them in next guest from fulcrum securities back when trading at the nosebleed levels he said 30 percent was sheer love and people love...
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Apr 22, 2013
04/13
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i think as those auto numbers deteriorate, it's just going to exaggerate all the other weaker economies. and when you get the imf admitting that austerity isn't the way, and i don't disagree. if you didn't do reforms and you didn't do pro growth, all three ingredients needed to make a growth economic cake, i shudder to think what happens next. many suspect moody's may downgrade spain. >> with all of that said, stephen, how do you want to allocate capital right here? >> i think you need to look into equities. it's very interesting. look at the 1,000 and 2,000, large and small cap space, but also defensive versus dynamic, the rally we've seen has been very strong. it's had this very defensive tam boar tambor. it's like this sub tub city -- city constitution effect. global economics, look at the u.s. first. name by name basis. emerging markets. i would think global bonds. longer term investors, commodities from a valuations perspective look attractive. >> commodities? gold? >> not necessarily gold. >> oil? >> dr. copper. the valuations are beginning to pull in a little bit if you've got th
i think as those auto numbers deteriorate, it's just going to exaggerate all the other weaker economies. and when you get the imf admitting that austerity isn't the way, and i don't disagree. if you didn't do reforms and you didn't do pro growth, all three ingredients needed to make a growth economic cake, i shudder to think what happens next. many suspect moody's may downgrade spain. >> with all of that said, stephen, how do you want to allocate capital right here? >> i think you...
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Apr 23, 2013
04/13
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KGO
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closing time back did hours to help boost tourism and local economies. critics warn that it could increase drunk driving and crime around the bars. the legislation would only affect bars and restaurants, liquor store hours would not change. >> lawyers for the state bar are scheduled to tell a san francisco judge that east bay lawyer should be disbarred for smuggling out a hit list from her client who is behind bars. the former black must lick leader ordered the murders of an oakland journalist and two others in 2010. attorneys for the california state bar are recommending that his initial lawyer be stripped of her license for the offense in 2011. the project revealed she hit the hit list in her client's legal documents that guards were not allowed to certain. brown later admitted to the crime and know witnesses were ever harmed. >> hope you enjoy the warm weather yesterday because it was a "one and done." >> but we will still get a little taste today if not as much. mike has the details. >> that is the story, it will still be warmer-than-average even if
closing time back did hours to help boost tourism and local economies. critics warn that it could increase drunk driving and crime around the bars. the legislation would only affect bars and restaurants, liquor store hours would not change. >> lawyers for the state bar are scheduled to tell a san francisco judge that east bay lawyer should be disbarred for smuggling out a hit list from her client who is behind bars. the former black must lick leader ordered the murders of an oakland...
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spending without securing revenues are driven as they often are by populist rationale as a result those economies were essentially living on credit i believe that one of the major precursors to the crisis has been exactly the fact that politicians oversaw an accumulation of debt back when their economies were enjoying positive economic growth growth periods should normally be used to reduce debt when the crisis broke out those economies found themselves ridden with debt with no reserves to use as a safety cushion therefore i think politicians are primarily responsible for the fall at a rather a direct question now what happened in cyprus can we describe this is an action to expropriate russian money and in general how much money did russia lose out on this or do you agree with president vladimir putin saying that what happened there is going to make investors more inclined to keep russian money to keep their money in russia. i wouldn't call it an action to expropriate russian money since there were not too many options to choose from this is a very unpleasant way to deal with the problem maybe ev
spending without securing revenues are driven as they often are by populist rationale as a result those economies were essentially living on credit i believe that one of the major precursors to the crisis has been exactly the fact that politicians oversaw an accumulation of debt back when their economies were enjoying positive economic growth growth periods should normally be used to reduce debt when the crisis broke out those economies found themselves ridden with debt with no reserves to use...